MOLOPO ENERGY LIMITED Investor Presentation October 2012 MOLOPO ENERGY LIMITED
Molopo Energy Profile (ASX:MPO) Share Information Share Price (Oct 10 2012) 0.675 Register Overview as of Sept 27 12 Market Capitalization (Oct 10 2012) 166 million Institutional Ownership 39% Shares outstanding (Oct 10, 2012)…
Who is Molopo Opportunity Investment Wolfcamp resource play assets with long term growth potential Focused core area and play type enables efficiencies and area expertise Oil weighted 80% light, sweet crude & NGLs Well…
Significant Five Year Growth Potential (Unrisked) Organic growth potential based on 900 18,000 opportunities largely through Wolfcamp acreage in Texas 800 16,000 Series3 Production Cumulative Capital Invested (MM) 700…
2012 Capital Program & Capital Management 98MM calendar 2012 capital investment fully funded from cash and internal funding 75MM in Texas and 21MM in Saskatchewan May shift funds from Saskatchewan for Texas development May December…
Permian Basin Wolfcamp Oil Asset - Location Texas, USA Crockett County MPO: Barnhart EOG EOG UNIVERSITY 40 APPROACH Legend Company UNIVERSITY 45 Molopo 20 miles Pioneer El Paso Petrohawk/BHP MPO: Fiesta…
Molopos Wolfcamp Overview & Horizontal Targets 26,000 undeveloped acres (40 sections of land) in Spraberry Midland Permian Basin; 100% WI* Moderate Oil Sat/Pay Two project areas: Dean Low to no Porosity & Oil Sat/Pay Barnhart:…
Substantial Oil Resource in Wolfcamp: Size of the Prize Table below shows estimates of drilling inventory and estimated ultimate recovery (EUR) from Molopos 40 sections of Wolfcamp acreage, depending on well spacing and bench…
Barnhart Area Developmental Play 1,400 acres; smaller of MPOs two areas in Texas Directly offset from University 40 Wolfcamp Project Offsetting operators currently developing Bench B; moving to test Bench A and Bench C Two wells…
Barnhart Horizontal Type Curve + Well Economics* Barnhart Type Curve Bench B Barnhart Gross Drilling Costs (MM) 600 1.5 mile Horizontal 500 Barnhart 1.5 mile HZ 0.5 400 Drilling Oil Rate (bbl/d) 2.0 300 Completion 200 4.2…
Fiesta Project Molopos Key Property 24,600 acres (38 sections) Fiesta Project: 38 sections First 3 wells drilled Bench A late 2011 / early 2012 proved Fiesta Baggett in oil window 16-1H But not drilled optimally; Baggett wells…
Fiesta Horizontal Type Curve + Well Economics* Fiesta Type Curve Bench A Fiesta Gross Drilling Costs (MM) 350 1.5 mile Horizontal 300 0.5 Drilling 250 Baggett 1.5 mile HZ 2.0 Completion 200 4.2 Equip & Tie-In Oil Rate…
Fiesta Reservoir Characteristics Fiesta is 1000 shallower than University 40 but reservoir quality equal to or better than University 40 Volumetrically: Fiesta has an average of 349 BO / acre-ft vs. University 40 has 284 BO/acre-ft…
Reservoir Comparatives: Fiesta vs Barnhart Despite the Wolfcamp trend being shallower in Fiesta than in Barnhart, reservoir quality is equal if not better than in Barnhart comparing effective reservoir porosity and Original Oil in…
Positioning Within the Bench Makes a Difference 5000 Upper Bench A has increased OOIP OIL DEAN CALC OIL 0.2 MMBO SAT 60% Porosity, Permeability, Oil In Place PER SEC PER FOOT and Movable Oil vs Lower Bench A WFMP 5200…
Texas Drilling Status Barnhart: 36-2H Linthicum Washington Initial results announced Aug 30, 2012 and met expectations. Well continues to clean up following minor operational issues; test rates of 300 boepd (Oct 1 12) 36-1H Linthicum…
Future Potential in Fiesta: Deeper Secondary Targets ELLENBURGER Ellenburger Oil Depth 10,500 Canyon Gas Vertical development Vertical well EUR ranges from 10,000 to 155,000 bbl of oil CANYON GAS (Liquids Rich) Depth 8,000 ft…
Who is Molopo Midale Potential (Unrisked) Saskatchewan: Saskatchewan production 124 bopd (Aug 12 month average ) Future development potential in Midale; most prolific interval in Saskatchewan Molopo controls considerable land with…
Other Non-Core Assets South Africa Quebec Shale Gas Two South African Deep Biogenic Gas projects Virginia: 750,000 gross acres 80% interest1 Evander: 150,000 gross acres 100% interest 1.4 million acres in the Quebec Lowlands…
Summary Undervalued with significant cash and growth-oriented assets 166MM market cap = value disconnect Well capitalized Forecast calendar year end 2012 cash balances of 66 million* and no debt Oil weighted, resource play assets…
Fiesta Wolfcamp: Key Metrics Indicate Outstanding Potential Gross Average Porosity X Avg System Cum System ROIP Well Interval Sub-Interval Net Pay SW TOC OOIP OOIP ROIP 5% Interval Porosity Pay Feet PERM PERM 5% (ft) (ft) (avg dec…
Fiesta Wolfcamp Rock Characteristics: Favourable Total Organic Carbon measurements positive TOC work from Molopo Baggett 16, Baggett 32 and Parker 85 shows good oil content Core from Baggett 32 Molopo wells TOC: 1.2% - 7.2% Average:…
Molopo Barnhart vs Fiesta Wolfcamp Fracturing Barnhart 36-2H Baggett 16 N= 1809 N= 2915 Barnhart 36-2H Bench B and Fiesta Baggett 16-1H Bench A: Fracture Intensity and Frequency Total number of fractures in Baggett 16 is higher…
Molopo Barnhart vs Fiesta Wolfcamp Hydrocarbon Shows Barnhart 36-2H Bench B and Fiesta Baggett 16-1H Bench A: C4+ and Total Gas logs C1-C4+ and Total Gas measurements were recorded over entire lateral length (7,400 Hz) in both…
Glossary and Key Economic Assumptions boe Barrels of Oil Equivalent The calculation of barrels of oil equivalent (boe) is calculated at a conversion rate of six thousand cubic feet (mcf) of natural gas for one barrel of oil and is based…
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